Fuse Science Inc (DROP)

[Aksys]

bgrass, just because you say that no meaningful information can be gained from technical analysis on a pink does not mean it is a fact. As much as you might like to disagree, this is only your opinion and is not a fact.

What you're effectively saying is that it is impossible to identify any trends whatsoever in a pink, whether it be long term or short term, and it is therefore impossible to identify a break in a trend, which would signal a time to buy or a time to sell. And you're wrong on all accounts.

In the chart I posted, we bounced off of the bottom of the long-term uptrend almost 10 times. The time when we finally broke through the bottom has seen us move from the .40s, to .30s and all the way down to .16 briefly... where we recovered to close at support, which is where we have been hovering (and refusing to close below) for weeks. Clearly, the longer term trend did indeed change, and clearly .20 is a level of support.

Now a look at shorter-term trends: After the move up to 1.25, we ended up closing at the top of the trendline that day. In the next few days we did start moving back down, and you would have had many opportunities to sell in the .90s or .80s (or higher, of course), with the idea of adding back in at .65 or so if we held at the bottom of the trend. We did not hold, so selling after the break of that trend would have been better than nothing (~.60, and this is assuming you were in from the start of the move up).

We have not seen .60 since then, so, was that wrong to sell in the .90s to .60s range after a move from .20, especially given where we're at today? Was that a wrong signal? No.

So, we can definitively say that your statement was false.